Selling Visa out of Dividend Portfolio to make room for new dividend strategy and picks
Way back in November 2019–if you remember a period when projected earnings growth was strong and before the coronavirus recession–I argued for a dividend strategy that focused on companies with fast growing and solidly predictable earnings that were, in my...
Adding Coke to my Dividend Portfolio
Today’s shocking announcement from Royal Dutch Shell (RDS-A) that it would cut its 10% dividend, to 16 cents a share is a brutal reminder of one of the big challenges facing dividend investors. Royal Dutch shares were down 12.02% as of 3 p.m. Nw York time today,...
Selling ONEOK out of my Dividend Portfolio ahead of earnings and after ex-dividend date
The greatest danger of any dividend position right now is from a cut to the dividend payout. That kind of cut would send even an already crushed stock lower. I think that’s the possibility facing shares of ONEOK (OKE) when it reports earnings on April 28. The...
Selling Commonwealth Bank of Australia out of Dividend Portfolio
I’ve only got a small bit of exposure to the global banking system and, frankly, I think it’s past time to get rid of even that exposure. We’re in one of those banking sector moments where we know that banks are loaded up with assets that can’t...
Will Grupo Aeroportuario del Pacifico cut its dividend at April 28 meeting? Selling out of the Dividend Portfolio
Grupo Aeroportuario del Pacífico (PAC) has postponed its annual meeting until April 28. The company’s stock buyback plan and dividend payouts on the agenda. It’s hard to imagine that the company hasn’t at least considered cutting its buyback and...
GM dividend looks safe for now after credit line draw down
General Motors (GM) drew down its $16 billion credit line today to maximize its financial cushion as the auto industry headed into a very uncertain future. The $16 billion drawdown adds to the $16 billion in cash that General Motors projects to have on hand by the end...
What now for Treasuries and their ETFs? Should you be buying even at record low yields? I’m adding shares of Vanguard’s 1-3 year Treasury ETF
I’d wager that almost nobody today is buying U.S. Treasuries for their yield. The yield on the 10-year Treasury broke below 1% to 0.9043% for the first time EVER. The 10-year finished the day with a yield of 1.01%. The yield on the 2-year Treasury fell to a low...
Buying General Motors in my Dividend Portfolio
I don’t think the coronavirus stock market rout is over, but I do believe you have to be opportunistic about snapping up dividend yield during this correction. Today shares of General Motor (GM) were down another 2.12% as of 2:40 p.m. New York time. That brings...
Raising target on Barrick Gold in Jubak Picks Portfolio and buying the shares for my Dividend Portfolio
Barrick Gold (GOLD) reported fourth quarter earnings of 17 cents a share on Wednesday, February 12. That beat the 14 cents a share estimate from Wall Street analysts for the quarter. A year ago the company earned 6 cents a share in the fourth quarter of 2018. But that...
AbbVie continues its run–picks up momentum from Allergan results
Shares of AbbVie (ABBV) tacked on another 1.32% today to a close at $96 continuing a run that began back on January 31 at $81.02. The trend picked up momentum on February 7 after the company reported fourth quarter earnings with better than expected sales for its...
Buying AbbVie today for my Dividend Portfolio with its 5.62% yield
Yesterday when the market was a sea of red, shares of AbbVie (ABBV) were a small beacon of green. Today when, as of 3:40 p.m. most of the market is green, AbbVie is a small spark of red. What’s up? AbbVie was higher yesterday on speculation that a cocktail of...
Dividend Portfolio member Grupo Aeroportuario del Pacifico up on USMCA news and November traffic
It certainly didn’t hurt that House Democrats have agreed to support the revised U.S.-Mexico-Canada trade deal, and to put it to a vote before the end of this session of Congress on December 20. But neither did Grupo Aeroportuario del Pacifico’s (PAC)...
A summary of the changes to my Dividend Portfolio as a result of my Special Report 3 Ways to Higher Income in a Low Yield Desert
Back at the beginning of November I published a Special Report on my subscription JubakAM.com site that revised the Dividend Portfolio I track on all my sites. The changes in the portfolio were an attempt to respond to a changed environment for yield–what I...
Merck continues to ride cancer drug Keytruda higher
Shares of Merck (MRK) closed up 3.50% today, October 29, after the company reported better than expected third quarter earnings. On a Non-GAAP basis earrings of $1.51 a share beat the Wall Street consensus by 27 cents a share. Revenue of $12.4 billion fell 6.7% year...
Looking for an above average yield? Australia’s Westpac Banking looks very attractive after today’s financial sector selling but I’d wait on a likely dividend cut this fall
Today’s weakness in the financial sector on the news that online brokerage Charles Schwab (SCHW) will be cutting commissions on equity and ETF trades to 0% sent the financial sector down to a loss of 2.07% on the Financial Select Sector SPDR ETF (XLF). That...
Selling Pfizer out of my Dividend Portfolio tomorrow on Dem’s proposed drug-pricing bill
Why introduce legislation that will dead on arrival in the Republican controlled Senate? Because House Speaker Nancy Pelosi and other Democrats know that controlling drug prices is extremely popular with voters. And a proposal that is a serious effort to lower drug...
Fed cuts interest rates by 25 basis points; financial markets want more, more, more
Today the Federal Reserve’s Open Market Committee cut the Fed’s benchmark interest rate by 25 basis points. That’s pretty much what the financial markets had been expecting–although a sizable minority of investors and traders had been hoping...
Adding Grupo Aeroportuario del Pacífico to my Dividend Portfolio on Monday
Now that President Donald Trump’s tariff threat isn’t hanging over the Mexican economy (for the moment, anyway), I’m adding Grupo Aeroportuario del Pacífico (PAC) to my Dividend Portfolio on Monday. The shares of Grupo Aeroportuario del Pacifico,...
Kinder Morgan, a Dividend Portfolio pick, raises quarterly payout by 25%
On April 17, Kinder Morgan (KMI) reported first quarter 2019 results that were a penny below Wall Street estimates (at 24 cents a share) and that missed revenue projections at $3.43 billion versus the $3.63 billion consensus. (That amounted to a 0.3% year over year...
Selling Independent Bank (IBCP) out of my Dividend Portfolio
When I posted earlier today that I would keep Bank of America (BAC) in my Dividend Portfolio I said the decision rested largely on the ways that Bank of America wasn’t like the “average” bank. Chief among these “ways” was the bank’s...
2019 shaping up as a tough year for bank stocks–here’s why I’m holding Bank of America in my Dividend Portfolio
2018 was supposed to be a good year for bank stocks. Rising interest rates from the Federal Reserve would provide a positive environment for banks, bank revenues, and bank earnings.2019 is likely to provide a negative backdrop for banks. The Fed is holding interest...
Added Restaurant Brands to my Jubak’s Picks and Dividend Portfolios on February 21
My apologies. Sometimes the bookkeeping in my portfolios gets a little complicated and I miss an entry. On February 20 I made Restaurant Brands International (QSR) the first pick in my Special Report on JubakAM.com “10 stocks for a market worried about an...
Selling Helmerich & Payne out of my Dividend Portfolio today
I named Helmerich & Payne (HP) #6 in my Special Report on the 10 most dangerous stocks for this earnings season on my paid JubakAM.com site. And today I’m selling the shares out of my Dividend Portfolio. After naming Pioneer Natural Resources (PXD) #4 and...
I’m selling Exxon Mobil out of my Dividend Portfolio as part of my annual portfolio rebalancing
I’m part way through the annual rebalancing of my Dividend Portfolio (with other portfolios to follow.) The initial stage of that process requires a close look at which of the stocks in the portfolio I’d like to keep for another year (based on their...
Adding Digital Realty Trust to my Dividend Portfolio
On March 15 I added Digital Realty Trust (DLR) to my Special Report: 10 Stocks for an Earnings Recession on my subscription JubakAM.com site. With this post, I’m also adding Digital Realty to my Dividend Portfolio. For Digital Realty Trust (DLR), a REIT that...
Selling AT&T out of Dividend Portfolio on debt load, business trends
If it was just one of these things OR the other, I wouldn’t be selling AT&T out of my Dividend Portfolio. But it’s not OR. As the company’s adds note it’s &. The company finished 2018 with $166.3 billion in long term debt. And $10.3...
Government action on drug prices seems far, far away
The format was familiar: Seven CEOs sit in front of a Senate Committee probing their industry’s business practices. But whereas a Congressional hearing a decade ago marked a key moment in what was a costly public reckoning for the tobacco industry, today’s...
Appeals court rules AT&T acquisition of TimeWarner can go ahead–why isn’t the stock up more today?
The U.S. Appeals Court in Washington ruled today that AT&T’s (T) $85 billion takeover of Time Warner (now known as WarnerMedia) could go ahead. The court said in a 35-page opinion that the Justice Department had failed to establish that a lower-court judge...
ING yields 5.8% and may have turned the corner on share price in the last month
I’m sure you’re happy with the 5.80% forward dividend yield on ING (ING). That dividend is why the stock is a member of my Dividend Portfolio. I’m also sure that you’re not happy with the loss in the stock’s price–down 13.64% year...Jim’s Daily Email Alerts:
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